JK Tyre & Industries Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on consolidated basis, the company's gross sales were INR 19,671.8 million compared to INR 17,477.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,907 million compared to INR 2,149 million a year ago. Profit from ordinary activities before tax was INR 1,283.9 million compared to INR 1,502.0 million a year ago. Net profit was INR 861.9 million compared to INR 1,056.5 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 3.80 compared to INR 4.89 a year ago. For the nine months, on consolidated basis, the company's gross sales were INR 57,993.7 million compared to INR 56,159.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 7,893.7 million compared to INR 7,253.4 million a year ago. Profit from ordinary activities before tax was INR 4,239.9 million compared to INR 5,037.3 million a year ago. Net profit was INR 2,877.9 million compared to INR 3,344.9 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 12.64 compared to INR 15.16 a year ago. For the quarter, on standalone basis, the company's gross sales were INR 15,551.6 million compared to INR 15,051.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,309.5 million compared to INR 1,945.9 million a year ago. Profit from ordinary activities before tax was INR 1,244.9 million compared to INR 1,388.1 million a year ago. Net profit was INR 781.7 million compared to INR 974.9 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 3.45 compared to INR 4.30 a year ago. For the nine months, on standalone basis, the company's gross sales were INR 47,669.9 million compared to INR 47,992.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,185.1 million compared to INR 6,410.6 million a year ago. Profit from ordinary activities before tax was INR 3,878 million compared to INR 4,640.3 million a year ago. Net profit was INR 2,611.2 million compared to INR 3,188.6 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 11.51 compared to INR 14.06 a year ago.